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Could copper rise while COPX moves lower?

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ticker lesson

Breakdown

0:00Copper· ticker

Copper — down 2% weekly, topping tail taken out

  • Copper down 2% weekly
  • Topping tail taken out
  • $6.89 close
  • $6.87 top of tail
  • 2 cents taken out
0:01COPX· ticker

COPX — down 2.4% weekly, spot price fell

  • COPX down 2.4% weekly
  • Spot price fell
  • Buy around rising 200-day MA
  • $81.50 price point
  • Bias lower next week

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